Ulaanbaatar
Mongolia received 'Asia's best investment attractor' award
Economy
Ulaanbaatar /MONTSAME/ Finance Asia and the Asset, Asian financial publications 2017 Awards granting ceremony was held in Hong Kong.
Mongolia has won “Asia’s best investment attractor” award, the Khuraldai bond won “Mongolia’s best deal in 2017” award by Finance Asia magazine and “Best Government bond in 2017” award by The Asset magazine.
The fact that Mongolia received these awards for the first time reflects the official recognition of its economic recovery by international investors. It’ll help Mongolia restore the confidence of foreign investors and overcome the economic difficulties.
The Chairman of the Budget Standing Committee of the Parliament B.Choijilsuren said in his speech at the ceremony "Mongolia’s economy is becoming more and more integrated with the global economy. We’re moving forward no matter what. Last year was a challenging year for the Mongolian people, the government and the international organizations that work with us. We have overcome difficulties together, recovered the economy, reduced the cost of financing by half and strengthened our investment base.”
The Khuraldai bond issued in Marck 2017 was attractive to international attention as the bond made big success when Mongolia's economy was in its toughest condition, international ratings were falling, debt burdens and investors' confidence was in the lowest. Compared to Mazaalai bond issued in March 2016 Khuraldai bond interest rate decreased twice but the investors’ demand in purchase the Mongolia’s bond increased by eight times. Later when Gerege bond was released the investors issued purchase order 7.3 times more than the Mazaalai bond.
B.Misheel
